Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $12.15, for a total value of $243,000.00. Following the sale, the insider now owns 4,037,044 shares of the company’s stock, valued at approximately $49,050,084.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Wednesday, September 6th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.05, for a total value of $241,000.00.
  • On Friday, September 1st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.15, for a total value of $243,000.00.
  • On Tuesday, September 5th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.05, for a total value of $241,000.00.
  • On Thursday, August 31st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.23, for a total value of $244,600.00.
  • On Wednesday, August 30th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.25, for a total value of $245,000.00.
  • On Tuesday, August 29th, Athel Fahad Mohammed Saleh Al sold 10,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total value of $122,000.00.

Shares of Trecora Resources (NYSE TREC) traded down 2.165% during mid-day trading on Friday, hitting $12.425. The stock had a trading volume of 28,481 shares. The firm has a market cap of $301.96 million, a PE ratio of 73.088 and a beta of 1.56. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80. The stock’s 50-day moving average is $12.06 and its 200 day moving average is $11.49.

Trecora Resources (NYSE:TREC) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $62.12 million for the quarter, compared to analyst estimates of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. Equities research analysts predict that Trecora Resources will post $0.32 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 54 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Trecora Resources by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after acquiring an additional 672 shares during the last quarter. American International Group Inc. lifted its position in Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 813 shares during the last quarter. Bard Associates Inc. lifted its position in Trecora Resources by 1.3% in the first quarter. Bard Associates Inc. now owns 112,100 shares of the basic materials company’s stock valued at $1,244,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 1,735 shares during the last quarter. 41.55% of the stock is owned by hedge funds and other institutional investors.

TREC has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a report on Monday, August 7th. BidaskClub lowered Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. Finally, Zacks Investment Research upgraded Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Trecora Resources Company Profile

Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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